Bridging Bitcoin and DeFi: The tBTC and Sui Collaboration
2025-07-10 16:16:23
Main Idea
The collaboration between tBTC and Sui enables Bitcoin integration into DeFi on the Sui blockchain, offering new opportunities for users to mint, trade, and earn yield with tBTC.
Key Points
1. tBTC is now live on Sui, making it the first non-EVM chain to support native Bitcoin integration in DeFi.
2. Users can mint tBTC directly on Sui via the Threshold app and utilize it in DeFi protocols like Alphalend for lending and yield generation.
3. Early adoption shows strong interest, with $1 million TVL on Bluefin within the first 24 hours of launch.
4. Future updates include tBTC support in Wormhole’s Portal Bridge, facilitating cross-chain transfers to Sui for DeFi opportunities.
5. The partnership highlights the growing synergy between Bitcoin and decentralized finance, expanding utility beyond traditional blockchain ecosystems.
Description
Now live on Sui, tBTC enables users to trade, lend, and engage in advanced DeFi strategies within a secure and scalable environment, boasting transaction finality as fast as 400 milliseconds. Jameel Khalfan, Head of Ecosystem Development at the SUI Foundation, and MacLane Wilkison, co-founder and CEO of Threshold Labs, delve into the exciting collaboration between
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